FARM Act of 2023

Hozzl · 2024-01-18T06:02:48Z

Explore the details of House Bill 963 FARM Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/18/2024, 6:02 AM

Congressional Summary of HR 963

Future Agriculture Retention and Management Act of 2023 or FARM Act of 2023

This bill makes solar and wind electricity ineligible for certain renewable energy tax credits if the electricity was generated by facilities that a public utility placed on agricultural land.

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Current Status of Bill HR 963

Bill HR 963 is currently in the status of Bill Introduced since February 9, 2023. Bill HR 963 was introduced during Congress 118 and was introduced to the House on February 9, 2023. Bill HR 963's most recent activity was Referred to the House Committee on Ways and Means. as of February 9, 2023

Bipartisan Support of Bill HR 963

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 963

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 963

FARM Act of 2023FARM Act of 2023Future Agriculture Retention and Management Act of 2023To amend the Internal Revenue Code of 1986 to provide that the energy credit shall not apply to certain types of energy production on agricultural land, and for other purposes.

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